Step-by-Step Trading From zero to your first reviewed trade

Practical: Step-by-Step Trading Process

Key Takeaways

  • A repeatable 15-step routine removes guesswork.
  • Risk is calculated before placing the order.
  • Reviewing every trade is what builds long-term skill.

1. Select a broker

Choose a regulated broker or reputable exchange suited to your market (see Module 6). Check regulation, spreads and withdrawal reputation.

2. Create account

Register with a strong, unique password and accurate details.

3. Verify identity

Complete KYC with a government ID. Enable 2FA via an authenticator app.

4. Deposit money

Fund your account using a method you understand. Start with capital you can afford to lose.

5. Open TradingView

Load your chart on TradingView for analysis; you’ll execute on your broker/exchange.

6. Analyze chart

Start on a higher timeframe (daily/4h) for context, then drop to your trading timeframe.

7. Determine trend

Use market structure (HH/HL or LH/LL) to identify the direction. Trade with it, not against it.

8. Find support and resistance

Mark key levels and zones where price has reacted before.

9. Calculate risk

Decide your risk (e.g. 1%) and stop placement, then compute position size. Use the position size calculator.

10. Place order

Enter only when your setup and confirmation align. Use the correct order type (market or limit).

11. Set stop loss

Place your stop beyond a structural level immediately β€” never trade without one.

12. Set take profit

Set a target giving at least 1:2 risk-to-reward, ideally at the next major level.

13. Monitor trade

Let the trade work. Avoid micromanaging or moving your stop out of fear.

14. Close position

Exit at your stop or target, or manage per your plan (e.g. trail/partial profit). Stick to the rules.

15. Review results

Log the trade in your journal (Module 18), grade your execution, and note lessons for next time.

βœ… Tip

Print this list and keep it beside your screen. Follow it on every trade until the routine becomes automatic.

Frequently Asked Questions

Yes. Run the full process on a demo account until it’s second nature before risking real money.